Invesco Rochester High Yield Municipal ETF (BATS:IROC) Sees Large Decline in Short Interest

Invesco Rochester High Yield Municipal ETF (BATS:IROC) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 12,380 shares, a drop of 37.6% from the July 30th total of 19,855 shares. Currently, 2.1% of the company’s stock are sold short. Based on an average daily volume of 40,461 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Invesco Rochester High Yield Municipal ETF

Several large investors have recently made changes to their positions in the stock. Turner Financial Group Inc. acquired a new position in shares of Invesco Rochester High Yield Municipal ETF during the 2nd quarter valued at about $230,000. Private Advisor Group LLC bought a new position in shares of Invesco Rochester High Yield Municipal ETF in the 1st quarter valued at approximately $260,000. CoreCap Advisors LLC lifted its holdings in Invesco Rochester High Yield Municipal ETF by 7.4% in the 2nd quarter. CoreCap Advisors LLC now owns 5,746 shares of the company’s stock worth $295,000 after purchasing an additional 397 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Invesco Rochester High Yield Municipal ETF in the 4th quarter worth approximately $299,000. Finally, LPL Financial LLC bought a new stake in Invesco Rochester High Yield Municipal ETF during the fourth quarter worth approximately $378,000.

Invesco Rochester High Yield Municipal ETF Trading Down 0.2%

Shares of BATS:IROC opened at $50.11 on Tuesday. Invesco Rochester High Yield Municipal ETF has a 1 year low of $49.55 and a 1 year high of $51.93. The firm has a fifty day moving average price of $50.76 and a 200 day moving average price of $50.80.

Invesco Rochester High Yield Municipal ETF Company Profile

Invesco Actively Managed Exchange-Traded Fund Trust – Invesco Rochester High Yield Municipal ETF is an exchange traded fund launched and managed by Invesco Capital Management LLC. The fund is co-managed by Invesco Advisers, Inc It invests in fixed income markets of the United States. It invests directly and through derivatives in medium- and lower- grade municipal securities which are rated BBB or lower by S&P, Baa or lower by Moody’s, or an equivalent rating by another nationally recognized statistical rating organization.